Cwm LLC Grows Position in Robert Half Inc. $RHI

Key Points

• Cwm LLC increased its stake in Robert Half Inc. by 132.2% in Q2, owning 131,709 shares valued at $5.4 million.
• Analysts have mixed views on RHI, with one maintaining a "Buy" rating, while others have issued "Sell" and "Hold" ratings, leading to an average target price of $45.00.
• Robert Half recently announced a quarterly dividend of $0.59 per share, representing a 7.3% yield, though its payout ratio stands at 134.86%.

Cwm LLC increased its position in Robert Half Inc. (NYSE:RHI - Free Report) by 132.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 131,709 shares of the business services provider's stock after purchasing an additional 74,987 shares during the quarter. Cwm LLC owned approximately 0.13% of Robert Half worth $5,407,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RHI. GAMMA Investing LLC increased its position in Robert Half by 92.9% during the 1st quarter. GAMMA Investing LLC now owns 2,091 shares of the business services provider's stock valued at $114,000 after buying an additional 1,007 shares in the last quarter. CX Institutional bought a new position in Robert Half during the 1st quarter valued at approximately $33,000. Wealth Enhancement Advisory Services LLC increased its position in Robert Half by 4.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 76,378 shares of the business services provider's stock valued at $4,166,000 after buying an additional 3,248 shares in the last quarter. Trust Point Inc. increased its position in Robert Half by 8.2% during the 1st quarter. Trust Point Inc. now owns 6,488 shares of the business services provider's stock valued at $354,000 after buying an additional 494 shares in the last quarter. Finally, Riverwater Partners LLC increased its position in Robert Half by 10.0% during the 1st quarter. Riverwater Partners LLC now owns 5,007 shares of the business services provider's stock valued at $273,000 after buying an additional 457 shares in the last quarter. Institutional investors own 92.41% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on RHI. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Robert Half in a research report on Tuesday. Zacks Research lowered Robert Half from a "hold" rating to a "strong sell" rating in a report on Monday, September 22nd. JPMorgan Chase & Co. reduced their target price on Robert Half from $47.00 to $45.00 and set a "neutral" rating for the company in a report on Thursday, July 24th. Truist Financial reduced their target price on Robert Half from $55.00 to $50.00 and set a "buy" rating for the company in a report on Monday. Finally, Wall Street Zen raised Robert Half from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and an average price target of $45.00.

Robert Half Price Performance

Shares of RHI opened at $32.49 on Thursday. Robert Half Inc. has a one year low of $31.25 and a one year high of $78.41. The firm has a market capitalization of $3.31 billion, a P/E ratio of 18.57 and a beta of 1.02. The business has a fifty day moving average of $35.18 and a 200 day moving average of $41.08.

Robert Half (NYSE:RHI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.41 EPS for the quarter, topping the consensus estimate of $0.40 by $0.01. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.35 billion. Robert Half had a return on equity of 13.00% and a net margin of 3.20%.Robert Half's revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 earnings per share. Analysts expect that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, August 25th were given a dividend of $0.59 per share. The ex-dividend date was Monday, August 25th. This represents a $2.36 annualized dividend and a yield of 7.3%. Robert Half's payout ratio is 134.86%.

Robert Half Company Profile

Robert Half Inc provides talent solutions and business consulting services in North America, South America, Europe, Asia, and Australia. The company operates through Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti segments. The Contract Talent Solutions segment provides contract engagement professionals in the fields of finance and accounting, technology, marketing and creative, legal and administrative, and customer support.

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